Dreamy-eyed Indian entrepreneurs, hoping to talk their way into getting venture capital for their start-ups might as well look elsewhere for funding.

It doesn’t happen in India, not often anyway, investors and experts in the industry, maintain.

Venture capitalists in India only prefer growth-stage companies — firms already up and running that need money for expansion.

Most start-up entrepreneurs, as a result, dive into their own pockets or banks, or draw funds from family and friends.

Seed capital for a new business has not come of age in India, they added.

The concept of seed capital does not exist in India, there are a few funds which have come up of late, but it is minuscule compared to the need and potential.

And the problem has also compounded by the current economic scenario, where financial institutions are more concerned with keeping their capital safe than risk their funds with a new venture.

Venture capital firms invested $740 million India in 2008 compared to $876 million in the previous year.

‘The number of deals were also down to 125 in 2008 from 144 in 2007.

Jagannadham Thunuguntla, equity head at SMC Capitals, has an explanation.

‘The confidence among foreign funds, be it venture capital or private equity, hasn’t been restored after what happened back home.’

According to him, these funds will start returning to the equities markets first, and later look at other avenues.

Among start-ups, too, there is intense competition to get venture capital funding.

And more often, there is one set of firms that comes up tops — IT-based businesses or companies that use the web to reach out to customers, said veteran venture capitalists.

A lot of venture capital firms look favourably at IT start-ups because once the concept takes off it is easier for such businesses to scale up.

Also venture capitalists generally have a Silicon Valley background and have a greater understanding of such types of business models.

Past record also matters — a larger number of IT firms have given attractive returns.

‘There is a reasonably long list of IT firms — MindTree, Spectramind, Mphasis, Daksh, Naukri.com – which have delivered good exits for venture capitalists.

Perhaps, that’s the reason why people like Manish Malhotra – who quit his position with a top bank to start a hospitality agency – are still floundering with their business.

‘Venture capital is difficult to get. I come from the banking industry and know people. But even then it hasn’t been easy at all to convince them that my plans will work,’ Malhotra said.

Jeya Kumar

It was the Indian IT industry’s biggest-ever man hunt. A global search for a CEO for one of the country’s oldest software companies, who would replace the founding doyen. The hunt lasted four years and targeted the IT industry’s top executives world-wide , some of whom were pulled in, then let go.

Then the process was derailed by the possibility of a change in ownership, with a section of the owners preparing to sell their stake. But that’s all over now and Patni Computer Systems (PCS) finally has a new CEO in the 54 year-old Australian expatriate Jeya Kumar, Sathya Sai Baba devotee and former CEO of MphasiS.

For the 66 year old Narendra Patni, who is now designated non-executive chairman, the denouement comes as a relief, even if it marks the beginning of the end of his long reign in the company he founded fresh out of MIT and Sloan Business School. The long search for a CEO, mandated by the company’s board, has been fairly painful for the company’s top management, with many falling by the wayside.

Patni appointed a CEO in 2006, with the idea of grooming him for the CEO position, but things didn’t go according to plan and he resigned two years later. Then there was the CEO of Cymbal Corporation, USA, acquired by PCS in 2004, who was also in the running but failed to make the grade.

And finally there was Dutch expatriate Loek van den Boog, appointed as executive director in charge of operations as an interim measure, who has now handed over responsibilities to the new CEO and become nonexecutive director on the board.

“It’s one of our failings that we were not able to generate a successor internally,” says Patni. “But I’m delighted that the process has come to an end. We needed someone with international experience and we found the right combination in Jeya, with his 14 years at Sun. Now his mandate is to revive and rejuvenate the company.”

In Kumar, PCS has an ideal combination of a CEO with an Indian face, but very global experience . An MBA from Australia’s Curtin University, he had worked in Singapore and Japan before being promoted to Sun’s headquarters in the USA and put in charge of its $5 billion software services business.

When PCS began head-hunting him last year, Kumar had moved to India for the first time, as CEO of MphasiS in Bangalore. “I heard from friends and associates that PCS was making enquiries about me,” he says with a laugh. “By the time they approached me, they had spoken to everyone but my mother-in-law.”

Bored with MphasiS, which had become a captive unit of Hewlett Packard after its merger, Kumar was keen on the Patni offer — but had to convince his wife, Philo. “We had moved four times in six years, from one end of the globe to the other and it was hard for her,” he says. “I think it was Naren’s wife Poonam who finally convinced her over dinner that the move to Mumbai would work out fine.”

Since he joined three months ago, Patni has introduced Kumar to all major customers and to the rank and file of PCS through a series of 16 town-hall meetings. Kumar has also made it a point to attend ceremonies to facilitate employees who have spent 25 years with the company, which occur more regularly at PCS than one might imagine.

“I think our employees have accepted the change very well,” says Patni. “They understand that we need to change. Our structures have become outdated and inefficient over the years. Jeya needs to transform the company.”

So is the charismatic chairman finally ready to withdraw and leave the running of the company to his new CEO? Patni remains wonderfully ambiguous on this point. “I’m technically the non-executive chairman according to clause 49, but I intend to remain fully participative in the company,” he says breezily.

Given that one of the objectives of Kumar’s appointment is to separate ownership from management at PCS, Patni’s statement might be expected to cause the new CEO some heartburn. But Kumar is ready for a little ambiguity at this stage of the transition . “Naren loves the company, it’s in his blood, so he wants to help in any way he can. But he is the non-executive chairman and the role is clearly defined,” he says.

One role that’s not as clearly defined is that of Anirudh Patni. A graduate of MIT and Wharton, with work experience at McKinsey & Co. Narendra Patni’s 32 year-old son is a senior vice president at PCS. Is Kumar expected to groom him as a successor as Brian Tempest did with Malvinder Singh at Ranbaxy?

“I don’t know too much about Ranbaxy but I like the example of Wipro, where Premji has kept his son on the sidelines ,” says Patni. “Nobody should be anointed crown prince. It’s very discouraging for the professionals.” But then he adds: “But I’m a strong believer in owner-management . If it works out, it can be very good for the company.”

Kumar, on the other hand, is more categorical when he says, “Anirudh will be evaluated on the same performance matrix as everyone else. The process will be very transparent and available for all to see on the company web-site. It should make no difference that he’s part of the promoter family.”

Narendra Patni and his brothers Gajendra and Ashok hold an equal stake amounting to 49% in PCS, with General Atlantic holding 18% and 33% with the public. The other Patni brothers had made a move to sell their stakes two years ago, when the PCS scrip was ruling at an all time high.

This had hastened the search for a CEO who would separate management and ownership, but made the process that much more difficult since few were interested in joining a company that might soon change hands. Today, the scrip is down to a level close to the company’s cash reserves and there’s no more talk of a stake sale.

Kumar’s focus is to now on improving PCS’ valuations with a clear competitive strategy in the rapidly evolving market for IT services. “Right now, I’m building an A-team from within the company and outside,” he says. “Fortunately, people are available like never before.”

Economic Times Reference

On May 9, 2009 at CII Institute of Quality (IQ) Annual Day (9th anniversary of IQ) a vountary standard called “Road Transport Safety Standard” was launched with a focus on “People Movement”.

Shell India and GRSP (Global Road Safety Partnership) have helped in getting this Standard; they have got Infosys, GE, Accenture, Goldman Sachs, Mphasis and Wipro in getting this standard to the table.

What is special about this standard is the focus on all the stake holders

• Driver management
• Vehicle management
• Journey management, and,
• Contractor management

It will be interesting to watch this standard evolve over the years.
The proof of the pudding will of course be the real reduction in automotive-related accidents that cost a lot to the country, with fatalities exceeding 100,000 in the year 2006 and accounting for more than 35% of all unnatural deaths in India

Finally, Chapter 10 “Turning geography into history” is the story of how every other industry is benefiting from off shoring services to India; the IT success story acted as a catalyst; Internet offered the wherewithal; the global mindset of average Indians today (thanks to demographic dividend) and the government policies fueled the growth. Once again the book traces the “long revolution”  - Swiss Air starting a joint-venture with TCS though Airline Financial Support Services (APS) in SEEPZ Bombay in 1992; British Airways followed suit in 1996 (later becoming World Network Services (WNS); financial services major American Express and GE followed. Local entrepreneur jumped in – Raman Roy with SpectraMind, K Ganesh with CustomerAsset, Jerry Rao with mPhasis; later they were acquired by Wipro, ICICI and EDS respectively. In the process, Business Process Outsourcing (BPO) industry was born.

Interestingly R & D outsourcing, starting with Pharmaceuticals R & D led to a whole range of companies starting their R & D arms India – GM, DuPont, Unilever, Volvo, Philips, LG and so on. IBM, GE, and Cisco were particularly focusing on large investment in R & D in India.

Engineering Services was the next. Bechtel started modest operation in 1994 and the headcount has touched 600 by 2006. Indian companies Wipro and HCL Technologies cashed in this opportunity.

Knowledge Process Outsourcing (KPO) started in a big way; EvalueServe is a classic example that focused on patent related services. Management Consulting Services (including McKinsey) followed. Financial Services (Goldman Sachs) information Services (Thomson) and Legal Process outsourcing (LPO) followed – spanning a wide range of services.

In “Conclusion” the author talks of the role of the government – ECIL/ ITI / Government computer centers contributing to early technical staff of Wipro, DCM; IITs, NCST providing manpower. The restrictive follows hampering growth initially and supporting policies enabling spectacular growth. The challenge for the Indian IT industry is to sustain the growth – enter into products and technology in a big way. With the global meltdown and Satyam scam, the challenges have only increased. One hopes that the Indian IT industry will come out of those dark clouds with a renewed vigor and energy.

The Indian software industry is set to keep up its growth rate despite the slowdown in the economy. The National Association of Software and Services Companies (Nasscom) has forecast a strong outlook for FY08-09 strong with software and services revenue seen growing by 21-24 per cent. The software and services exports are set to hit the $50 billion-mark.

The software and services exports segment grew by 29 per cent (in USD) to register revenues of $40.4 billion in FY07-08, up from $31.4 billion in FY06-07. The domestic segment grew by 26 per cent (in INR) to register revenues of $ 11.6 billion in FY07-08. According to the latest Nasscom rankings, Tata Consultancy Services Ltd., Infosys Technologies Ltd. and Wipro Technologies Ltd are the top 3 revenue generators in India. Check out the top ten players in the Indian IT industry.

1. Tata Consultancy Services

Founded in 1968, TCS is one of India’s largest corporate houses. It is also India’s largest IT employer with a staff strength of 111,000 employees.

The company began as a division of the Tata Group, called the Tata Computer Centre. Its main business was to offer computer services to other group companies. Soon the company was spun off as Tata Consultancy Services after it realised the huge potential of the booming IT services.

The company posted a consolidated net profit of Rs 1,290.61 crore (Rs 12.90 billion) for the first quarter ended June 30, 2008, an increase of 7.3 per cent compared to the year-ago period.

Its annual sales worldwide stands at $5.7 billion for the fiscal year ending March 2008. During the year 2007-08,

TCS’ consolidated revenues grew by 22 per cent to Rs 22,863 crore ($5.7 billion). S. Ramadorai, is the chief executive officer and managing director of TCS.

TCS is IDC-Dataquest IT best employer in IT services in 2007. TCS also topped DataQuest DQTop 20 list of IT service providers in 2007.

2. Infosys Technologies Ltd

Infosys Technologies Ltd was started in 1981 by seven people with $250. Today, the company boasts of revenues of over $ 4 billion and 94,379 employees.

Under the leadership of N R Narayana Murthy, the company has become a global brand. The company is now headed by Kris Gopalakrishnan. The income for the quarter ended June 30 2008 was Rs 4,854 crore (Rs 48.54 billion). The net profit stood at Rs 1,302 crore (Rs 13.02 billion).

Forbes magazine named Infosys in its list of Global High Performers. Waters magazine rated Infosys as the Best Outsourcing Partner. The Banker magazine conferred two Banker Technology Awards on Infosys to acclaim its work in wholesale and capital markets in two categories – Payments and Treasury Services, and Offshoring and Outsourcing.

The International Association of Outsourcing Professionals (IAOP) ranked Infosys at No. 3 in its ‘2008 Global Outsourcing 100′.

3. Wipro

What started off as a hydrogenated cooking fat company, Wipro is today is a $5 billion revenue generating IT, BPO and R&D services organisation with presence in over 50 countries.

Premji started Wipro with the ‘idea of building an organisation which was deeply committed to values, in the firm belief that success in business would be its inevitable, eventual outcome’. The company has over 72,000 employees.

Wipro’s revenues grew by 33 per cent to Rs 19,957 crore (Rs 200 billion) for the year ended March 31, 2008. The net profit grew by 12 per cent to Rs. 3,283 crore (Rs. 32.83 billion). The revenues of the combined IT businesses was $4.3 billion with 43 per cent YoY growth.

Wipro was the only Indian company to be ranked among the top 10 global outsourcing providers in IAOP’s 2006 Global Outsourcing 100 listing. Wipro has also won the International Institute for Software Testing’s Software Testing Best Practice Award.

4. Satyam Computer Services

Established in 1987 by Ramalinga Raju, Satyam has a staff strength of 51,000 employees. In 2008, the company’s revenues crossed the $ 2-billion mark.

‘A simple, yet extensive management model to create value, which promotes entrepreneurship, a focus on the customer, and the constant pursuit of excellence,’ is the company’s mantra for success. In FY2008, its revenues saw a growth of 30.7 per cent to Rs 8,473.49 crore (Rs 84.73 billion) compared to fiscal 2007.

The net profit stood at Rs 1,687.89 crore (Rs 16.87 billion), a growth of 20.2 per cent over fiscal 2007. Satyam is among the youngest IT service companies to reach $1 billion in annual revenues. It is ranked No. 1 in the ASTD (American Society for Training and Development) BEST Award, 2007.

5. HCL Technologies

HCL is a leading global technology player with annual revenues of $4.9 billion. The HCL Enterprise comprises two companies listed in India, HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of ‘India’s original IT garage start ups’.

The HCL team comprises 53,000 professionals of diverse nationalities, operating across 18 countries. At a time when India had a total of 250 computers, Shiv Nadar led a young team which passionately believed in the growth of the IT industry.

Three decades later, he succeeded in creating a $ 4.9 billion global enterprise. The company has reported consolidated revenue of Rs 3017.5 crore (Rs 30.17 billion) during the quarter ended March 31, 2008. The profit after tax stood at Rs. 81.5 crore (Rs 815 million).

6. Tech Mahindra

Tech Mahindra was incorporated as a joint venture between Mahindra & Mahindra and BT plc in 1986 under the name of ‘Mahindra-British Telecom’.

Later, the name was changed to ‘Tech Mahindra’, in order to reflect the diversification and growth of the client base and service offerings. The company was incorporated in 1986. Tech Mahindra is a global systems integrator and business transformation consulting firm focused on the communications industry. At the helm of the fast expanding organisation is Vineet Nayyar.

In a career spanning over 40 years, he has worked with the government, international multilateral agencies and the corporate sector. Tech Mahindra’s net profit rose 8.57 per cent to Rs 196.4 crore (Rs 1.96 billion) on 6.09 per cent growth in net sale to Rs 911.6 crore (Rs 9.11 billion) in Q3 December 2007 over Q2 September 2007.

7. Patni Computer Systems

Patni Computer Systems Ltd one of the leading global providers of information technology services and business solutions. The company has clients across the Americas, Europe and Asia-Pacific locations.

The company has serviced more than 400 Fortune 1000 companies, for over two decades. Patni Computer Systems Limited was incorporated on 10 February 1978 under the Companies Act, 1956. On 18 September 2003, the Company converted itself from a private limited company into a public limited company.

The company headed founded by Narendra K Patni by has a staff strength of over 14,000 professionals. The revenues for the quarter ended March 2008 stood at $ 176.4 million (Rs. 7,061.2 million) up 13.1% YoY from $ 156.0 million (Rs. 6,724.1 million). The net income for the quarter at US$ 18.1 million (Rs. 724.6 million) down 35.0 per cent YoY from $ 27.8 million (Rs. 1,200.3 million).Frost & Sullivan ranked Patni 1st among ‘Top 5 Engineering Service Providers’.

8. i-flex Solutions

iflex started as a division of Citicorp (now Citigroup), wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991. Later, a separate company Citicorp Information Technologies Industries Ltd. (CITIL) was formed and Rajesh Hukku was appointed as its head.

CITIL started off with the universal banking product, MicroBanker which became very successful. In the mid-90s, CITIL developed Flexcube at its Bangalore development centre. After the launch of Flexcube, all of CITIL’s transactional banking products were brought under a common brand umbrella. CITIL changed its name to i-flex solutions to reflect its growing independence from Citicorp and to strengthen its Flexcube brand.

In 2006, i-flex became a majority-owned subsidiary of Oracle Corporation i-flex posted a top line growth of 8 per cent QoQ with revenue for the quarter ended March 31, 2008 at Rs 672 crore (Rs 6.72 billion) as compared to Rs 601 crore (Rs 6.01 billion) for the corresponding quarter during the previous year representing a 12 per cent YoY growth.

The net income for quarter stood at Rs 185 crore (Rs 1.85 billion) representing 73 per cent growth QoQ. The revenue for the full year ended March 31, 2008 stood at Rs 2,380 crore (Rs 23.80 billion), up 15 per cent as compared to the previous year.

9. MphasiS

MphasiS Limited was formed in June 2000 after the merger of the US-based IT consulting company MphasiS Corporation (founded in 1998) and the Indian IT services company BFL Software Limited (founded in 1993).

Jeya Kumar is CEO of MphasiS, which has a staff strength of 27,000 people. For the year ended 31 March 2008, the MphasiS Group recorded revenues of Rs 2,423 crore (Rs 24.23 billion), a growth of Rs 662 crore, which is 38 per cent over the previous year.

The net profit increased by 42 per cent from Rs 180 crore (Rs 1.8 billion) to Rs 255 crore (Rs 2.55 billion) during the year ended 31 March 2008. MphasiS was named among amongst the Top 100 Companies in Global Outsourcing.

10. L&T Infotech

L&T Infotech is a global IT services and solutions provider. It is a subsidiary company of is Larsen & Toubro Ltd. (L&T), an engineering, manufacturing and construction conglomerate, with global operations.

A M Naik is the chairman of the company. Originally founded as L&T Information Technology Ltd (LTITL), a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), the company changed its name to L&T Infotech on 1st April, 1997. In 2004, it tied up with Fidelity Information Services, a division of Fidelity National Financial to provide banking solutions for the Indian banking industry. In 2007-08, L&T had

Courtesy :- Rediff

HDFC @1883 (201008) gets 1127 panch-tattva points and clearly is a good buy for long term.

SATYAMCOMP @288 (201008) gets 1109 panch-tattva points and is a good long term buy.

MPHASIS @185 (201008) gets 1083 panch-tattva points and is a good long term buy.

Let us take a look at EDS now.

After struggling to bootstrap an India capacity for many year, EDS acquired the Indian vendor MphasiS, whose strength in business process outsourcing is formidable [EDS – India To Merge Into MphasiS]

Earlier this year, EDS was acquired by HP, creating a behemoth that could rival IBM [With EDS, HP Buys Its Way Into Outsourcing Big League].

The HP hardware lineage, combined with the EDS services lineage, combined with MphasiS’s India lineage brings this company neck-to-neck with IBM (though it still lacks the software products story of IBM).

Therein lies the problem. This is really three companies masquerading as one!

Combining these three lineages is not going to be easy and any success, at best, is bound to be patchy.

“I’ve had the good fortune to work with HP and to interact with HP people. They are unfailingly collaborative. Even when introducing themselves in class, if there is more than one of them they will unfailingly acknowledge the other, and verbally give respect to one another’s point of view. EDS, different story. Equally great people, equally strong performers, but boy oh boy is that a control culture. At classic HP, people sort of work together to figure things out. At classic EDS, you look in the book. If the answer isn’t in the book, you ask your supervisor. If your supervisor doesn’t know, there’s some process to sort things out. So I think we can anticipate some pretty hilarious (at best) and potentially distressing (at worst) moments when parties from the two cultures, each operating with their own view of the way the world works, try to come together.”

- Will HP and EDS Clash Over Culture?, Rita McGrath, Columbia Business School

Moreover, EDS has a history of at least one failed merger behind it, when it acquired A.T. Kearney in 1995 and eventually divested it in 2005:

EDS recently confirmed rumors about selling management consultancy A.T. Kearney back to Kearney leadership. The only surprise is that EDS didn’t sell sooner. Since EDS purchased A.T. Kearney in 1995, results have been disappointing. A.T. Kearney contributed less than 5% of EDS’ total revenues last year, while posting a $10 million loss. When he took the helm of EDS two years ago, CEO Michael Jordan indicated, that his primary goal was to bring the company back to basics. Because the two companies haven’t resolved their cultural differences, selling Kearney is the smart thing to do — for both firms.

- EDS And A.T. Kearney: Parting Ways?, Forrester Research, Mar 2005

I had a ring-side view of this culture clash during my association with eBreviate, an A. T. Kearney subsidiary, at the time of this messy acquisition [Shakeup Unearths Discord at EDS Auction Unit]

It is unlikely EDS-HP will ever pose a real threat to IBM.

That is not to say that EDS poses no threat to the Indian vendors.

EDS has deep service relationships with its existing customer, having taken significant ownership for the data center operations of these customers. If EDS can make its acquisition of MphasiS’s India capacity work effectively, it is positioned to offer significant cost savings to these customers.

Is EDS doing a better job with MphasiS than it did with A.T.Kearney? The jury is still out. Given its struggles with bootstrapping it’s own India operation, my take is No. While EDS has the potential to challenge the commodity play of the Indian vendors, it is unlikely to actually succeed in doing so.

MPHASIS @ 228 on 07/08/08 gets 932 panch-tattva points and may be bought in declines.

Hari Om

BIRDINFO Stock Rx – A prescription for stock market

According to the latest Nasscom rankings, Tata Consultancy Services Ltd., Infosys Technologies Ltd. and Wipro Technologies Ltd are the top 3 revenue generators in India. Check out the top ten players in the Indian IT industry.

1. Tata Consultancy Services
Founded in 1968, TCS is one of India’s largest corporate houses. It is also India’s largest IT employer with staff strength of 111,000 employees. The company began as a division of the Tata Group, called the Tata Computer Centre. Its main business was to offer computer services to other group companies. Soon the company was spun off as Tata Consultancy Services after it realized the huge potential of the booming IT services. The company posted a consolidated net profit of Rs 1,290.61 crore (Rs 12.90 billion) for the first quarter ended June 30, 2008, an increase of 7.3 per cent compared to the year-ago period. Its annual sales worldwide stands at $5.7 billion for the fiscal year ending March 2008. During the year 2007-08. TCS’ consolidated revenues grew by 22 per cent to Rs 22,863 crore ($5.7 billion). S. Ramadorai is the chief executive officer and managing director of TCS. TCS is IDC-Dataquest IT best employer in IT services in 2007. TCS also topped Dataquest DQTop 20 list of IT service providers in 2007.

2. Infosys Technologies Ltd
Infosys Technologies Ltd was started in 1981 by seven people with $250. Today, the company boasts of revenues of over $ 4 billion and 94,379 employees. Under the leadership of N R Narayana Murthy, the company has become a global brand. The company is now headed by Kris Gopalakrishnan. The income for the quarter ended June 30 2008 was Rs 4,854 crore (Rs 48.54 billion). The net profit stood at Rs 1,302 crore (Rs 13.02 billion). Forbes magazine named Infosys in its list of Global High Performers. Waters magazine rated Infosys as the Best Outsourcing Partner. The Banker magazine conferred two Banker Technology Awards on Infosys to acclaim its work in wholesale and capital markets in two categories – Payments and Treasury Services, and Off shoring and Outsourcing. The International Association of Outsourcing Professionals (IAOP) ranked Infosys at No. 3 in its ‘2008 Global Outsourcing 100′.

3. Wipro
What started off as a hydrogenated cooking fat company, Wipro is today is a $5 billion revenue generating IT, BPO and R&D services organization with presence in over 50 countries. Premji started Wipro with the ‘idea of building an organization which was deeply committed to values, in the firm belief that success in business would be its inevitable, eventual outcome’. The company has over 72,000 employees. Wipro’s revenues grew by 33 per cent to Rs 19,957 crore (Rs 200 billion) for the year ended March 31, 2008. The net profit grew by 12 per cent to Rs. 3,283 crore (Rs. 32.83 billion). The revenues of the combined IT businesses were $4.3 billion with 43 per cent YoY growth. Wipro was the only Indian company to be ranked among the top 10 global outsourcing providers in IAOP’s 2006 Global Outsourcing 100 listing. Wipro has also won the International Institute for Software Testing’s Software Testing Best Practice Award.

4. Satyam Computer Services
Established in 1987 by Ramalinga Raju, Satyam has staff strength of 51,000 employees. In 2008, the company’s revenues crossed the $ 2-billion mark. ‘A simple, yet extensive management model to create value, which promotes entrepreneurship, a focus on the customer, and the constant pursuit of excellence,’ is the company’s mantra for success. In FY2008, its revenues saw a growth of 30.7 per cent to Rs 8,473.49 crore (Rs 84.73 billion) compared to fiscal 2007. The net profit stood at Rs 1,687.89 crore (Rs 16.87 billion), a growth of 20.2 per cent over fiscal 2007. Satyam is among the youngest IT service companies to reach $1 billion in annual revenues. It is ranked No. 1 in the ASTD (American Society for Training and Development) BEST Award, 2007.

5. HCL Technologies
HCL is a leading global technology player with annual revenues of $4.9 billion. The HCL Enterprise comprises two companies listed in India, HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of ‘India’s original IT garage start ups’. The HCL team comprises 53,000 professionals of diverse nationalities, operating across 18 countries. At a time when India had a total of 250 computers, Shiv Nadar led a young team which passionately believed in the growth of the IT industry. Three decades later, he succeeded in creating a $ 4.9 billion global enterprise. The company has reported consolidated revenue of Rs 3017.5 crore (Rs 30.17 billion) during the quarter ended March 31, 2008. The profit after tax stood at Rs. 81.5 crore (Rs 815 million).

6. Tech Mahindra
Tech Mahindra was incorporated as a joint venture between Mahindra & Mahindra and BT plc in 1986 under the name of ‘Mahindra-British Telecom’. Later, the name was changed to ‘Tech Mahindra’, in order to reflect the diversification and growth of the client base and service offerings. The company was incorporated in 1986. Tech Mahindra is a global systems integrator and business transformation consulting firm focused on the communications industry. At the helm of the fast expanding organization is Vineet Nayyar. In a career spanning over 40 years, he has worked with the government, international multilateral agencies and the corporate sector. Tech Mahindra’s net profit rose 8.57 per cent to Rs 196.4 crore (Rs 1.96 billion) on 6.09 per cent growth in net sale to Rs 911.6 crore (Rs 9.11 billion) in Q3 December 2007 over Q2 September 2007.

7. Patni Computer Systems
Patni Computer Systems Ltd one of the leading global providers of information technology services and business solutions. The company has clients across the Americas, Europe and Asia-Pacific locations. The company has serviced more than 400 Fortune 1000 companies, for over two decades. Patni Computer Systems Limited was incorporated on 10 February 1978 under the Companies Act, 1956. On 18 September 2003, the Company converted itself from a private limited company into a public limited company. The company headed founded by Narendra K Patni by has a staff strength of over 14,000 professionals. The revenues for the quarter ended March 2008 stood at $ 176.4 million (Rs. 7,061.2 million) up 13.1% YoY from $ 156.0 million (Rs. 6,724.1 million). The net income for the quarter at US$ 18.1 million (Rs. 724.6 million) down 35.0 per cent YoY from $ 27.8 million (Rs. 1,200.3 million).Frost & Sullivan ranked Patni 1st among ‘Top 5 Engineering Service Providers’.

8. i-flex Solutions
Iflex started as a division of Citicorp (now Citigroup), wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991.Later, a separate company Citicorp Information Technologies Industries Ltd. (CITIL) was formed and Rajesh Hukku was appointed as its head. CITIL started off with the universal banking product, MicroBanker which became very successful. In the mid-90s, CITIL developed Flexcube at its Bangalore development centre. After the launch of Flexcube, all of CITIL’s transactional banking products were brought under a common brand umbrella. CITIL changed its name to i-flex solutions to reflect its growing independence from Citicorp and to strengthen its Flexcube brand. In 2006, i-flex became a majority-owned subsidiary of Oracle Corporation i-flex posted a top line growth of 8 per cent QoQ with revenue for the quarter ended March 31, 2008 at Rs 672 crore (Rs 6.72 billion) as compared to Rs 601 crore (Rs 6.01 billion) for the corresponding quarter during the previous year representing a 12 per cent YoY growth. The net income for quarter stood at Rs 185 crore (Rs 1.85 billion) representing 73 per cent growth QoQ. The revenue for the full year ended March 31, 2008 stood at Rs 2,380 crore (Rs 23.80 billion), up 15 per cent as compared to the previous year.

9. MphasiS
MphasiS Limited was formed in June 2000 after the merger of the US-based IT consulting company MphasiS Corporation(founded in 1998)and the Indian IT services company BFL Software Limited (founded in  1993) . Jeya Kumar is CEO of MphasiS,which has staff strength of 27,000 people. For the year ended 31 March 2008, the MphasiS group recorded revenues of Rs 2,423 crore (Rs 24.23 billion), a growth of Rs 662 crore, which is 38 per cent over the previous year. The net profit increased by 42 per cent from Rs 180 crore (Rs 1.8 billion) to Rs 255 crore (Rs 2.55 billion) during the year ended 31 March 2008. MphasiS was named among amongst the Top 100 Companies in Global Outsourcing.

10. L&T InfoTech
L&T InfoTech is a global IT services and solutions provider. It is a subsidiary company of is Larsen & Toubro Ltd. (L&T), an engineering, manufacturing and construction conglomerate, with global operations. A M Naik is the chairman of the company. Originally founded as L&T Information Technology Ltd (LTITL), a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), the company changed its name to L&T InfoTech on 1st April, 1997. In 2004, it tied up with Fidelity Information Services, a division of Fidelity National Financial to provide banking solutions for the Indian banking industry. In 2007-08, L&T had recorded revenues of Rs 29,600 crore (Rs 296 billion).

The Indian software industry is set to keep up its growth rate despite the slowdown in the economy. The National Association of Software and Services Companies (Nasscom) has forecast a strong outlook for FY08-09 strong with software and services revenue seen growing by 21-24 per cent. The software and services exports are set to hit the $50 billion-mark.

The software and services exports segment grew by 29 per cent (in USD) to register revenues of $40.4 billion in FY07-08, up from $31.4 billion in FY06-07. The domestic segment grew by 26 per cent (in INR) to register revenues of $ 11.6 billion in FY07-08. According to the latest Nasscom rankings, Tata Consultancy Services Ltd., Infosys Technologies Ltd. and Wipro Technologies Ltd are the top 3 revenue generators in India. Check out the top ten players in the Indian IT industry.

1. Tata Consultancy Services

Founded in 1968, TCS is one of India’s largest corporate houses. It is also India’s largest IT employer with a staff strength of 111,000 employees.

The company began as a division of the Tata Group, called the Tata Computer Centre. Its main business was to offer computer services to other group companies. Soon the company was spun off as Tata Consultancy Services after it realised the huge potential of the booming IT services.

The company posted a consolidated net profit of Rs 1,290.61 crore (Rs 12.90 billion) for the first quarter ended June 30, 2008, an increase of 7.3 per cent compared to the year-ago period.

Its annual sales worldwide stands at $5.7 billion for the fiscal year ending March 2008. During the year 2007-08,

TCS’ consolidated revenues grew by 22 per cent to Rs 22,863 crore ($5.7 billion). S. Ramadorai, is the chief executive officer and managing director of TCS.

TCS is IDC-Dataquest IT best employer in IT services in 2007. TCS also topped DataQuest DQTop 20 list of IT service providers in 2007.

2. Infosys Technologies Ltd

Infosys Technologies Ltd was started in 1981 by seven people with $250. Today, the company boasts of revenues of over $ 4 billion and 94,379 employees.

Under the leadership of N R Narayana Murthy, the company has become a global brand. The company is now headed by Kris Gopalakrishnan. The income for the quarter ended June 30 2008 was Rs 4,854 crore (Rs 48.54 billion). The net profit stood at Rs 1,302 crore (Rs 13.02 billion).

Forbes magazine named Infosys in its list of Global High Performers. Waters magazine rated Infosys as the Best Outsourcing Partner. The Banker magazine conferred two Banker Technology Awards on Infosys to acclaim its work in wholesale and capital markets in two categories – Payments and Treasury Services, and Offshoring and Outsourcing.

The International Association of Outsourcing Professionals (IAOP) ranked Infosys at No. 3 in its ‘2008 Global Outsourcing 100′.

3. Wipro

What started off as a hydrogenated cooking fat company, Wipro is today is a $5 billion revenue generating IT, BPO and R&D services organisation with presence in over 50 countries.

Premji started Wipro with the ‘idea of building an organisation which was deeply committed to values, in the firm belief that success in business would be its inevitable, eventual outcome’. The company has over 72,000 employees.

Wipro’s revenues grew by 33 per cent to Rs 19,957 crore (Rs 200 billion) for the year ended March 31, 2008. The net profit grew by 12 per cent to Rs. 3,283 crore (Rs. 32.83 billion). The revenues of the combined IT businesses was $4.3 billion with 43 per cent YoY growth.

Wipro was the only Indian company to be ranked among the top 10 global outsourcing providers in IAOP’s 2006 Global Outsourcing 100 listing. Wipro has also won the International Institute for Software Testing’s Software Testing Best Practice Award.

4. Satyam Computer Services

Established in 1987 by Ramalinga Raju, Satyam has a staff strength of 51,000 employees. In 2008, the company’s revenues crossed the $ 2-billion mark.

‘A simple, yet extensive management model to create value, which promotes entrepreneurship, a focus on the customer, and the constant pursuit of excellence,’ is the company’s mantra for success. In FY2008, its revenues saw a growth of 30.7 per cent to Rs 8,473.49 crore (Rs 84.73 billion) compared to fiscal 2007.

The net profit stood at Rs 1,687.89 crore (Rs 16.87 billion), a growth of 20.2 per cent over fiscal 2007. Satyam is among the youngest IT service companies to reach $1 billion in annual revenues. It is ranked No. 1 in the ASTD (American Society for Training and Development) BEST Award, 2007.

5. HCL Technologies

HCL is a leading global technology player with annual revenues of $4.9 billion. The HCL Enterprise comprises two companies listed in India, HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of ‘India’s original IT garage start ups’.

The HCL team comprises 53,000 professionals of diverse nationalities, operating across 18 countries. At a time when India had a total of 250 computers, Shiv Nadar led a young team which passionately believed in the growth of the IT industry.

Three decades later, he succeeded in creating a $ 4.9 billion global enterprise. The company has reported consolidated revenue of Rs 3017.5 crore (Rs 30.17 billion) during the quarter ended March 31, 2008. The profit after tax stood at Rs. 81.5 crore (Rs 815 million).

6. Tech Mahindra

Tech Mahindra was incorporated as a joint venture between Mahindra & Mahindra and BT plc in 1986 under the name of ‘Mahindra-British Telecom’.

Later, the name was changed to ‘Tech Mahindra’, in order to reflect the diversification and growth of the client base and service offerings. The company was incorporated in 1986. Tech Mahindra is a global systems integrator and business transformation consulting firm focused on the communications industry. At the helm of the fast expanding organisation is Vineet Nayyar.

In a career spanning over 40 years, he has worked with the government, international multilateral agencies and the corporate sector. Tech Mahindra’s net profit rose 8.57 per cent to Rs 196.4 crore (Rs 1.96 billion) on 6.09 per cent growth in net sale to Rs 911.6 crore (Rs 9.11 billion) in Q3 December 2007 over Q2 September 2007.

7. Patni Computer Systems

Patni Computer Systems Ltd one of the leading global providers of information technology services and business solutions. The company has clients across the Americas, Europe and Asia-Pacific locations.

The company has serviced more than 400 Fortune 1000 companies, for over two decades. Patni Computer Systems Limited was incorporated on 10 February 1978 under the Companies Act, 1956. On 18 September 2003, the Company converted itself from a private limited company into a public limited company.

The company headed founded by Narendra K Patni by has a staff strength of over 14,000 professionals. The revenues for the quarter ended March 2008 stood at $ 176.4 million (Rs. 7,061.2 million) up 13.1% YoY from $ 156.0 million (Rs. 6,724.1 million). The net income for the quarter at US$ 18.1 million (Rs. 724.6 million) down 35.0 per cent YoY from $ 27.8 million (Rs. 1,200.3 million).Frost & Sullivan ranked Patni 1st among ‘Top 5 Engineering Service Providers’.

8. i-flex Solutions

iflex started as a division of Citicorp (now Citigroup), wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991. Later, a separate company Citicorp Information Technologies Industries Ltd. (CITIL) was formed and Rajesh Hukku was appointed as its head.

CITIL started off with the universal banking product, MicroBanker which became very successful. In the mid-90s, CITIL developed Flexcube at its Bangalore development centre. After the launch of Flexcube, all of CITIL’s transactional banking products were brought under a common brand umbrella. CITIL changed its name to i-flex solutions to reflect its growing independence from Citicorp and to strengthen its Flexcube brand.

In 2006, i-flex became a majority-owned subsidiary of Oracle Corporation i-flex posted a top line growth of 8 per cent QoQ with revenue for the quarter ended March 31, 2008 at Rs 672 crore (Rs 6.72 billion) as compared to Rs 601 crore (Rs 6.01 billion) for the corresponding quarter during the previous year representing a 12 per cent YoY growth.

The net income for quarter stood at Rs 185 crore (Rs 1.85 billion) representing 73 per cent growth QoQ. The revenue for the full year ended March 31, 2008 stood at Rs 2,380 crore (Rs 23.80 billion), up 15 per cent as compared to the previous year.

9. MphasiS

MphasiS Limited was formed in June 2000 after the merger of the US-based IT consulting company MphasiS Corporation (founded in 1998) and the Indian IT services company BFL Software Limited (founded in 1993).

Jeya Kumar is CEO of MphasiS, which has a staff strength of 27,000 people. For the year ended 31 March 2008, the MphasiS Group recorded revenues of Rs 2,423 crore (Rs 24.23 billion), a growth of Rs 662 crore, which is 38 per cent over the previous year.

The net profit increased by 42 per cent from Rs 180 crore (Rs 1.8 billion) to Rs 255 crore (Rs 2.55 billion) during the year ended 31 March 2008. MphasiS was named among amongst the Top 100 Companies in Global Outsourcing.

10. L&T Infotech

L&T Infotech is a global IT services and solutions provider. It is a subsidiary company of is Larsen & Toubro Ltd. (L&T), an engineering, manufacturing and construction conglomerate, with global operations.

A M Naik is the chairman of the company. Originally founded as L&T Information Technology Ltd (LTITL), a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), the company changed its name to L&T Infotech on 1st April, 1997. In 2004, it tied up with Fidelity Information Services, a division of Fidelity National Financial to provide banking solutions for the Indian banking industry. In 2007-08, L&T had

Courtesy :- Rediff

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PALINI R. SWAMY writes from Bangalore: It is perhaps a sign of the times when nothing shocks or surprises us any more. Or perhaps a sign that the line between public and private is fast disappearing in post-liberal, anything-goes India.

Or perhaps not.

Jayakar Jerome, the former commissioner of the Bangalore Development Authority (BDA), has joined a leading developer in Bangalore, barely two years after his retirement from service—and true to a City where only 44 out of 100 voted, there has scarcely been a whimper of possible conflict of interest.

Jerome, an IAS officer of the 1983 batch, earned plenty of good press—thanks to the deft handout of “G” category sites to journalists and “journalists”—during S.M. Krishna’s regime when he was credited with having resurrected a moribund BDA and giving it a good name.

As one blogger wrote at the time:

“Once considered highly corrupt and destined for the boondocks, BDA was resurrected, revamped, cleansed, organised, professionalised by a dedicated Jerome and his team. Land sharks, who once ruled the roost, were stamped down as was corrupt BDA staffs, who hitherto, were a law unto themselves.”

When the Congress-JDS coalition government of Dharam Singh transferred him, allegedly at the behest of H.D. Deve Gowda & Sons, Krishna, who had been sinecured to Bombay as governor of Maharashtra, sought Jerome’s services as his secretary.

Jerome who was deputed there, retired in that post in May 2006. (When a World Bank report called Karnataka (under Krishna) “the most corrupt State in India in 2004″, it was secretary Jerome who released a WB clarification to the contrary.)

“He was one of the finest officers I have seen in terms of conceptualising and implementation. To my mind, he would rank in the top 2 per cent of India’s bureaucracy,” Infosys chief mentor N.R. Narayana Murthy said in an Indian Express interview.

But, in 2008, with a new government barely a fortnight away from being sworn in in the State, how appropriate is it for Jayakar Jerome to join Puravankara, the realty major whose rise into the real estate limelight in Bangalore roughly coincided with its rise as an IT City under the benign gaze of S.M. Krishna?

According to a report in The Economic Times, Jerome, a sixth-generation Bangalorean born in Richards Town, will spearhead Puravankara’s proposed infrastructure foray.

“The Purvankara Group is looking to set up separate subsidiaries for infrastructure, hospitality as well as low-income housing. Mr Jerome is likely to head the infrastructure division,” a source told the paper.

For the record, former Times group president Pradeep Guha is a director on the Puravankara board, as are two IT mascots, Jaithirth “Jerry“ Rao and Ravi Ramu of Mphasis BFL.

To be fair to Jerome, there has been a “cooling-off” period of two years from the day of his retirement in March 2006, and a full four years since he left BDA, before his lurch towards Puravankara. So he is probably not carrying any of the short-term “state secrets” from BDA that might benefit his future employer unlike, say, Rathikant Basu who left Doordarshan one day and was with Rupert Murdoch’s Star Television the next.

Or Vivek Kulkarni, who was IT secretary one day, and heading an IT company the next.

Moreover, if scientists and researchers can leave our sensitive laboratories for greener pastures, what is to prevent a former bureaucrat from making the most of the remainder of his serviceable years, especially when the city of his birth needs it the most?

And to be fair to Puravankara, if they were smart enough (and rich enough) to hire Jerome’s services, why should it be held against them? After all, if recently retired cops can stand for elections like Subhash Bharani and recently retired bureaucrats like N.K. Singh can become “consultants” to all manner of corporates, why should Jerome not lend his services in his area of expertise?

If expertise is the core determinant of Jerome’s recent employment, the jury is still out.

Jerome was credited with designing HSR Layout—destination of the super rich and the home several of the “G” category media beneficiaries. The media went to town about the project. However, it took just one season of heavy rains in 2005 to reveal the planning that had gone into the project. BDA blamed poor designing and location.

OK, maybe Jerome’s expertise, like Abdul Kalam’s, is in “man-management”.

Still, in a City whose most prized jewel is its real estate, the fact that a BDA chief can now comfortably sup and cohabit with a high-profile developer with deep pockets—with whom he would have certainly dealt with in his four-year and nine-month term—without a single political or analytical eyebrow going up, doesn’t augur well.

Jayakar Jerome may be as honest, competent and efficient as he has been painted to be. But what is to prevent his underlings from picking up a cue and lubricating their way with builders, developers and other land sharks into lucrative future employment?

Photograph: S.M. Krishna (left) with Jayakar Jerome at the dedication of the Hebbal flyover (Karnataka Photo News)

Your Daily Job Alert on FreshersHomeYour Daily Job Alert on FreshersHome.com has returned the following alert for you today:

-2008-May-19 - Diploma Engineering Trainee (Delhi/NCR) Candidates will get self support based TRAINING & PLACEMENT on Industrial Automation Tools like PLC, SCADA, HMI, Drives, Panel, Designing, Auto CA
-2008-May-19 – Web Publisher (Gurgaon) The Candidate would be involved in online publishing activity using content management systems and HTML
The candidate should be proficient in

-2008-May-19 - HR-Trainee – Males Only (Mumbai, Mumbai Suburbs) Manage recruitments on behalf of Clients which could be Mutual Funds, Financial Planning companies, Insurance companies, FMCG, Retail, Amnaufacturing

-2008-May-19 – Content Writer/Instructional Designer (Delhi/NCR) -Developing suitable Blended Learning courses on the basis of requirements-Primarily responsible for writing storyboard/content for e-learning

-2008-May-19- Architect (Saudi Arabia) Architect possessing sound knowledge in latest CAD software like Autocad, 3DSMAX and above. Job involves designing & space planning.
The can

-2008-May-19 - Public Relation Coordinator (Mumbai) To assist the PR manager in various activities,publicise the hotel in the news paper in a daily basis,arrenging events,promos to promot the hotels,cre
-2008-May-19 - Chartered Accountant (Mumbai) The selected persons will be responsible for carrying out assurance (Internal/External Audit IT Audits/ security) engagements either independently or

-2008-May-19 – Fresh Chartered Accountant (CA) (Dubai/ UAE) Overall accounting function. Will be involved in closure of balance sheet P&L, various MIS Report related to profitablity, fund flow budgeting, et

-2008-May-19 - Accounts Assistant (Chennai,) Looking for B.Com Graduates with 0 to 2 yrs experience to work in accounts department.
-2008-May-19 - Customer Care Executive (Delhi) We are hiring for our Canada based International Company to cater to their customers in UK, US, Australia, canada etc.
Res

-2008-May-19 – Customer Service – Sr. Exec (Delhi, Delhi/NCR) – To effectively and efficiently respond to calls from Customers
- Reply to their queries and resolve issues, if any- To ensure the quali

-2008-May-19 - Technical Support – Executives (Delhi, Delhi/NCR) The candidate will be required to troubleshoot for TECHICAL AND SEMI-TECHNICAL PROCESSES.The processes will involve Answering and Solvin

-2008-May-18 - Softidea Infotech, Pune have opening for Web Designer/PHP programmer. (Pune) We are Pune based newly started IT company.
We are looking for
1) Web Designer with minimum 6 months of Experience in web designing.

-2008-May-18 – Software Training (Hyderabad / Secunderabad) - should have strong Java & J2EE skills.
- will be trained in Hibernate, MVC Architecture,Java swings, Websphere/ weblogic/webservices, XML,

-2008-May-18 – SAP-Trainees (Bengaluru/Bangalore, Chennai, Delhi, Hyderabad / Secunderabad, Kolkata, Mumbai, Pune) Candidates with excellent academic and domain background who are willing to undergo training and project experience followed by SAP consulting assignm

-2008-May-18 – Web Designer (Hyderabad / Secunderabad) Integrate HTML pages from Photoshop designs.Handling CSS,image optimization,testing site for functionality in different browsers & resolutions, De

-2008-May-18 – Customer Care Executive (Pune,) It includes providing solution to customer query after complete investigation of accounts which includes Setting up of accounts, Billing the customer,

-2008-May-18 – Front office Executive (Nagpur) If you are capable of handling General Office Administration job including taking calls, please drop in for an interview on 13.04.2008 at Vidhi Minera

-2008-May-18 – Control Engineer (Bengaluru/Bangalore, Chennai, Hyderabad / Secunderabad) Should have a exposure in PLC Programming, SCADA, LABVIEW, VB.

-2008-May-18 – Technical Executive (Delhi/NCR) 1.Answering customer queries,
2.Doing research and analysis in order to resolve customer issues.
3.Following processes, service guideline

-2008-May-18 – Onsite Opportunity For .NET Candidates (Hyderabad / Secunderabad,) 1. Eligibility Criteria Qualification: B.E/B.Tech./MCA/MBA (MCA, CSE, CSIT are preferable) Year of pass out: 2005, 2006 & 2007 Marks : 60% &

-2008-May-18 – HIGH END TECHNICAL SUPPORT OFFICER (Chennai) Min 6months-3yrs of experience in Technical Support Process.
Knowledge in Active Directory Services.
Freshers with MCSA/MCSE certification

-2008-May-18 – Customer Care Executive (Delhi) We are hiring for our Canada based International Company to cater to their customers in UK, US, Australia, canada etc.
Res

-2008-May-18 – Customer Support Executive (Chennai) Servicing the customers

-2008-May-17 – Fresher Walk-in For Trainee Engineer (Chennai – Tamilnadu ,INDIA) Responsible to work in software developement as Trainee Engineer.Any fresh graduate with software exposure or Trained in software &

-2008-May-17 – Walk-in For C & C++ Freshers (Chennai – Tamilnadu ,INDIA) For the development process in C & C++.Projects with any one of the following language
c,c++ is an added advantage.
Any Graduat-2008-May-17 – Walk-in Recruitment for IT Call Coordinator / Helpdesk Executive (Andheri, Mumbai, Maharashtra) Walk – in Interviews on Saturday  between  10 am. to 5 pm.
Monitoring of the helpdesk activities
Determining and assigning sever

-2008-May-08 – Social Networking Specialist (Kolkata) Capitalizing on the explosion of widely popular social networking sites like Facebook,Bebo,Friendster etc.As Social Networking Specialist you’ll call

-2008-May-08 – FIELD EXECUTIVE (Delhi, Delhi/NCR) Young energetic boys for collection / recovery of dues from the customers of banks / telecom companies. They will be required to go to the field and c

-2008-May-08 – IT Recruiter (Gurgaon) Designation: IT recruiterLocation: Gurgaon
Company Profile:
Resource Mine is a US based firm with offices in New York City, Long Is

-2008-May-08 – QUALITY EXECUTIVE (Gurgaon) IN PROCESS INSPECTION, FINAL INSPECTION, DOCUMENTATION ………

-2008-May-08 – IT Recruiter-Walkin interview (Bengaluru/Bangalore) Walk-in to our office with your updated CV from 6th May to15th MAY 2008 Between 10.30 AM to 6.30 PM.Experience: 3 months t

-2008-May-08 – WALKIN-GRADUATES (Hyderabad / Secunderabad) CONDUCTING WALK IN FOR GRADUATES AND POST GRADUATES (SCIENCE / COMPUTERS) WITH CALL CENTRE BACKGROUND (NIGHTSHIFT) ON SATURDAY 10th MAY 2008 FROM 9:00

-2008-May-08 – Walkin No Appointment Required (Mumbai) - Manage entire front desk work
- Look into administration work in the organization
- Effectively manage entire office admin work

-2008-May-08 – Technical Writer (Mumbai) Job Description

–Creation and review of content as per set standards
–Addition and review of functionalities for the courses
&n

-2008-May-08 – Software Developer (Chennai) We are looking for a person having strong academic background – must be B.E., MCA and/or M.Sc. The candidate must possess experience (0-3 Years) in S/

-2008-May-08 – Software Developers (Hyderabad / Secunderabad) 1. Extensive training on J2EE and either FileNet Administration or FileNet Development will be imparted by Company2. Fee will be charged
&nbs

-2008-May-08 – Sr. Business Analyst (Hyderabad / Secunderabad) JobDescription:
1. Will have to do substantial product-related research in the ERP segment
2. ERP product benchmarking for identifying the

-2008-May-08 – Aircraft Maintenance-Tech Pub (Hyderabad / Secunderabad) Education: BE, BTech, Diploma ( Mechanical / Aeronautical / Electrical )
Experience: 0-4 yearsLocation: Hyderabad

-2008-May-08 – Windows System Administrators (Cochin, Ernakulam, Kochi, Trivandrum) We are looking for MCSE people to join our fast-growing team. Duties include: providing technical support to international web hosting clients; and un

-2008-May-08 – Chartered Accountant (Delhi) Preparation & Maintenance of various Books of Accounts & financial statement, Statutory & Internal audit and system audit of company, prep

-2008-May-08 – Accountant (Mumbai) Making accounting entries in accounting package. Good knowledge of accounting is needed. Must have used an accounting package similar to Tally before.

-2008-May-08 – Customer Service Executive (Visakhapatnam) Involves interaction with clients and customers located in USA / UK, and updating them with the latest information on a product or a service and assis

-2008-May-08 – Freshers Opening (Hyderabad / Secunderabad) Experience in core finance preferable (investment banking Derivatives, Swaps and Options)
Good communication skills

-2008-May-08 – Process Associate (Bengaluru/Bangalore) Non voice process for a leading giant in the BPO segment for UK shift. Also we have openings in non voice Accounting process for US shift

-2008-May-08 – Applications Developer (Hyderabad) Work involves some problem solving with assistance and guidance in understanding and applying company policies and processes. Gaining competence in ow

-2008-May-07 – Fresher Walk-in Interview by Mphasis (Bangalore) We are currently looking for Customer Support Officers for our BPO operations at Bangalore.
Crieteria:

Graduates (Freshers and

-2008-May-07 – Freshers Offcampus By Unisys On May 16th 2008 (U C College, Alwaye (Aluva), Cochin, Ernakulam) Note: This is not a Call Centre / BPO job
Service Desk Analyst (Technical)
The skill set for Tech Support is PC Hardware Knowledge include

-2008-May-07 – Walk In Interview on 10-May-08 for Jr. Survey Programmer (Mumbai) We are conducting Interviews for Jr. Survey Programmer – Dimensions for Survey Programming team with Ugam Solutions
Venue:
Prism T

-2008-May-07 – Openings for Web Desinger on 10/05/08 (Bangalore) Qualifications :-Knowledge of WEB DISIGNER
1.Photoshop,Dream weaver,Image ready & Photo flash
2.Freshers can apply3.Experian

-2008-May-07 – Walk in interview for Software Programmers (bangalore) Qualifications :-B.Tech,B.E or M.C.A
1.JAVA,PHP,HTML,CSS and MYSQL
2.Freshers can apply
3.And Experianced candidates also most we

-2008-May-07 – Recruitment for Java Programmer/Software Engineer/Software Developer J2ee (Bangalore) Required Fresher / Entry level Java Programmer for Global Innova Technologies.Required Skills:
-Java/J2EE  applications, obj

-2008-May-07 – Freshers Walk-in For Assistant Technical Engineer (Bangalore) BE (Electronics & Communication/electronics & electrical, IT & Computer Science / Instrumentation), Diploma Holders (Electronics & Com

By krsna Khandelwal – A veteran market analyst

Friends,

Please note post result Panch Tattva points for the following as on 7 Aug 07:

INDIACEM @224 gets 1190 points and may be bought (at 159/- on 15 Mar 07 it was advised for purchase)

BINANIIND @184 gets 1406 points and may be bought but you may book profit on jumps.

PHILIPCARB @157 gets 1202 points and may be bought and profits should be booked when opportune.

GREAVESCOT @372 gets 908 points and is good for purchase on declines in a few strokes ,also book profits on part quantity held.

GAEL @31 gets 1006 points and may be bought on declines.

BPCL @316 gets 963 points and may be bought on declines for medium to long term(at 310/- on 29 Jul 07 it was advised to be sold on surges).

MPHASIS @285 gets 822 points and is still not fit for purchase(at 328/- on 3 May 07 it was advised to be sold being over priced).

Hari Om

BIRDINFO Stock Rx – A prescription for stock market

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